The connected health, metaverse, and energizing movements are especially important in the pursuit of new business; 2 million dollars LG financing to accelerate business development
SANTA CLARA, CA., June 20, 2022 /PRNewswire/ — LG Electronics’ North American Innovation Center (LG NOVA) has announced the “Selected 20” startups advancing to the next stage. Future mission world challenge competition.
Prizes were awarded to these top competitors 100 thousand dollars each, 2 million dollars A total of 20 proof-of-concept projects. In the future, the startups will work with LG NOVA partners on business models to create a business framework.
“Working with the First 50 Startups over the past few months has helped us continue to refine our vision for the future as we look for new growth areas for LG,” said Dr. Seokwoo Ri, Senior Vice President of Innovation at LG Electronics. Head of LG NOVA. “Inspired by everyone involved with innovative and thoughtful technological innovations to date, contributing to the community and the core principles of ‘outside-out’ innovation. Working with startups and a community of entrepreneurs to create impactful technologies that drive society into the future.”
Among the selected startups are strong businesses Connected Health, Metaverseand Gives energy Mobility industries that create new solutions that can transform markets and industries.
is moving to the next stage in the field of Smart lifestyle and Innovation for Impact is Digby, a healthcare-related company exploring the gut microbiome and genetics space; a·relatives, artificial intelligence for smart homes designed to support caregivers and families in daily life activities; and Chef, a smart kitchen assistant that suggests recipes based on the ingredients in your grocery receipt. These three companies represent different aspects of people’s transformational priorities to make life easier and live better, with personalized services that help with nutrition and make everyday tasks more efficient.
Second Connected Health With the introduction of new technologies in healthcare over the past two years, the focus of innovation has shifted to patient-centered care and health. The selected startups in this area reflect this transition and potential future services as they change their view of new technology-based care and want more control over their health and the health care they receive. Startups featured by LG NOVA Connected Health offers innovative services based on artificial intelligence and technology Metaversecombined with a data and service platform focused on patient care regardless of setting.
Focusing on the development of an advanced technology platform for providing services, MayaMD, Inc., LifeName and Mental medicine Selected to move on to the next round of the NOVA challenge. MayaMD is a human-AI health digital assistant that uses artificial intelligence to provide patients and providers with more information to improve healthcare. LifeNome is a genomics and artificial intelligence-powered precision, bio-personalized enterprise health platform. Mindset Medical is a camera sensor-based technology platform that allows doctors to remotely diagnose health and biological readings through your personal device. Expanding the patient service platform, med ZEROan employer-sponsored financial health platform that gives employees a smarter way to pay for their health care with no interest or fees by accessing a fund on demand to pay their out-of-pocket costs over time.
XHealth, TRIPP, Inc. and Neuro Trainer Through the capabilities of the XR/VR/AR environment, patients are offered effective alternatives to health and wellness services. XRHealth is a virtual treatment room that provides patient care and rehabilitation using VR/AR combined with clinicians and real-time data analytics. TRIPP is the XR health platform pioneering innovative health and wellness technologies. NeuroTrainer improves focus and performance with virtual reality brain training.
Second Metaverse LG is looking for a variety of applications with the aim of widening the adoption of new and interactive technologies and creating greater business opportunities. This category of the LG NOVA team includes a selection of startups iQ3Connect, Snickerdoodle Laband YBVR. iQ3Connect provides 3D workspace technology and a code-free platform that enables distributed teams to cost-effectively work, collaborate and train from anywhere, on any AR, VR or 2D device. Snickerdoodle Labs is building a privacy-focused, non-binding data sharing layer where individuals own their data and the value it creates. YBVR brings live events to fans with technology that quickly transforms fan engagement to a new level through immersive live video content experiences.
Finally, LG Energizing movement This category focuses on the electric power industry and the ecosystem of EV charging infrastructure that are critical to creating a more sustainable future. Companies selected in this category offer a wide range of actionable solutions to increase adoption in consumer and business markets. SparkCharge offers electric vehicle owners an affordable and convenient way to charge their electric vehicles at home or on the road without a direct charger. Drives Provides an EV charging and energy management software platform that enables players in the hospitality industry to offer an EV charging service business model.
I-EMS Group, Ltd. uses innovative artificial intelligence, blockchain-based DERMS and transactional energy software platforms to optimize energy in smart cities, smart homes, and e-mobility environments. Cardamom‘s 3D audio technology improves speech recognition accuracy in soundscape challenges and transforms voice UI from a cloud-based experience to a secure real-time, customizable user experience in any environment. Fraction has a unique approach to driverless technology and light electric vehicles, introducing a more efficient way to move goods and people.
Selected from a pool of over 1,300 applicants, 20 will continue the process of developing their ideas at the incubation and pilot levels while working closely with LG NOVA’s team of innovation and entrepreneurship experts over the next two months. set the goal of being elected Future mission Made it to the “Top 10” finals. About to be named August 2022The Top 10 will be able to develop their business with LG on a fast track to success with full access to LG’s expertise, guidance and advice. NOVA Capital Alliance and LG investment.
Since its official launch August 2021the Future mission The Challenge invited innovators and entrepreneurs to present business ideas, technologies and concepts aimed at improving people, communities and the world. The first “First 50” startups selected through the challenge program were granted access to core business infrastructure support and networking after demonstrating exceptional proof of concept in emerging industries and successful partnerships across LG’s broader business.
Future mission It is an annual challenge program that seeks out great ideas, concepts and businesses that will help improve the quality of life in the future. The purpose of the challenge is to bring external innovation to LG. In addition to the prize for the selected company, the finalists can receive investment from the allocated sources 20 million dollars Able to work with LG NOVA’s Incubation Team for new business development and business expansion.
About LG NOVA
LG NOVA, the North American Innovation Center of LG Electronics, a global innovation leader, is a team focused on bringing external innovation to LG. The LG NOVA Santa Clara, California. The mission of the center is to create, nurture and develop innovations that will impact the future. For more information, visit www.lgnova.com.
About LG Electronics USA
LG Electronics USA, Inc., headquartered in Englewood Cliffs, USA, is the North American subsidiary of LG Electronics, Inc., a $63 billion global technology and manufacturing innovator. Second United States, LG sells a range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is a 2022 ENERGY STAR® Partner of the Year – Sustained Excellence. The company’s commitment to environmental sustainability and the marketing theme of “Life’s Well-Being” encompass how LG strives for people’s happiness by exceeding expectations today and tomorrow. www.LG.com.
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SOURCE LG Electronics USA